JP Morgan Maintains Overweight on Ford Motor, Lowers Price Target to $16
JP Morgan analyst Rajat Gupta maintains Ford Motor (NYSE:F) with a Overweight and lowers the price target from $17 to $16.
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Shares of automakers are trading lower as continuing increases in oil prices and bond yields threaten to make consumer financing for new car purchases and corporate borrowing for maintenance and expansion capex more expensive.
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